3EDGE Asset Management LP grew its holdings in shares of SPDR Gold MiniShares Trust (NYSEARCA:GLDM – Free Report) by 22.1% during the third quarter, Holdings Channel reports. The firm owned 2,700,196 shares of the company’s stock after acquiring an additional 488,576 shares during the quarter. SPDR Gold MiniShares Trust comprises 11.7% of 3EDGE Asset Management LP’s portfolio, making the stock its largest holding. 3EDGE Asset Management LP’s holdings in SPDR Gold MiniShares Trust were worth $206,430,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Legacy Capital Wealth Partners LLC grew its position in shares of SPDR Gold MiniShares Trust by 0.5% during the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 32,922 shares of the company’s stock valued at $2,157,000 after buying an additional 153 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of SPDR Gold MiniShares Trust by 3.9% during the second quarter. Private Trust Co. NA now owns 4,112 shares of the company’s stock valued at $269,000 after purchasing an additional 155 shares during the last quarter. LongView Wealth Management raised its position in shares of SPDR Gold MiniShares Trust by 5.3% during the 3rd quarter. LongView Wealth Management now owns 3,439 shares of the company’s stock worth $263,000 after purchasing an additional 172 shares during the period. Evolution Wealth Management Inc. raised its position in shares of SPDR Gold MiniShares Trust by 55.1% during the 3rd quarter. Evolution Wealth Management Inc. now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 174 shares during the period. Finally, Financial Management Professionals Inc. lifted its holdings in shares of SPDR Gold MiniShares Trust by 41.7% in the 2nd quarter. Financial Management Professionals Inc. now owns 595 shares of the company’s stock worth $39,000 after purchasing an additional 175 shares during the last quarter.
SPDR Gold MiniShares Trust Stock Performance
NYSEARCA:GLDM opened at $97.32 on Friday. The business has a 50 day simple moving average of $86.16 and a 200 day simple moving average of $77.32. SPDR Gold MiniShares Trust has a 12-month low of $54.10 and a 12-month high of $97.53.
Key Headlines Impacting SPDR Gold MiniShares Trust
- Positive Sentiment: Gold price forecasts and institutional calls are rising — Goldman Sachs raised its 2026 gold target to $5,400/oz, a high-profile bullish revision that supports ETF demand and long-term investor interest in GLDM. Goldman Sachs raises 2026 gold price target to $5,400/oz as private sector joins central bank diversification strategy
- Positive Sentiment: Technical breakout and momentum: analysts and technical reports point to a breakout toward the next resistance zone (analysts eyeing $4,900–$5,000 per ounce), which tends to draw momentum traders and ETF inflows into GLDM. Gold (XAU/USD) Price Forecast: Breakout Targets Next Resistance Zone
- Positive Sentiment: Safe-haven demand from geopolitics and dollar weakness continues to underpin gold — reports cite record highs and renewed safe-haven buying after geopolitical headlines, supporting GLDM flows. Gold breaks new record on Greenland tariff threats, with forecast of $7,000 on the cards
- Neutral Sentiment: Short-term consolidation possible — some market notes show rallies stalling at resistance and intra‑day traders eyeing entry levels; this can mean choppy action for GLDM even as the longer trend remains up. Gold (XAU/USD) Price Forecast: Rally Stalls Near Key Resistance Zone
- Neutral Sentiment: Macro data mixed — reports that US growth and a resilient labor market have trimmed some intraday gains indicate economic prints could intermittently cap upside for gold and GLDM. Gold session highs as U.S. final Q3 GDP rises 4.4%
- Negative Sentiment: Easing geopolitical tensions can reduce safe‑haven demand — coverage that tensions between the U.S. and Europe over Greenland eased has triggered pullbacks in gold, which can pressure short-term ETF flows out of GLDM. Gold Falls Amid Easing U.S.-Europe Tensions Over Greenland
- Negative Sentiment: Improving risk appetite and profit-taking episodes have led to short-term softness in gold in a few reports — these dynamic swings can cause periodic outflows from GLDM. Gold price slightly down as risk appetite improves
About SPDR Gold MiniShares Trust
The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.
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